Israeli Finance Minister Bezalel Smotrich attends a press conference at the Ministry of Finance in Jerusalem, October 15, 2023. (Photo: Arie Leib Abrams/Flash90)
Clerks from the Israel’s Ministry of Finance are reportedly recommending to close down the Diaspora Affairs and Combatting Antisemitism Ministry amid the Hamas war according to Hebrew media.
The Finance Ministry says it also wants to close other ministries that are not considered crucial at this time, in an effort to save and channel funding towards financing the ongoing war against the Hamas terror organization
Military experts have argued that the war could last for months and even up to a year. Since the bulk of Israeli military consists of reservists, it is expected to have a dramatic impact on the Israeli economy.In early November, the Israeli financial paper Calcalist reported that, based on Financial Ministry estimates, the Israel-Hamas war could potentially cost Israel over $50 billion depending on […]
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